Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) shares reached a new 52-week high during trading on Saturday . The company traded as high as C$12.29 and last traded at C$12.24, with a volume of 1391560 shares trading hands. The stock had previously closed at C$11.12.
Analyst Ratings Changes
A number of research firms have weighed in on CHE.UN. National Bankshares lifted their price target on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Scotiabank raised Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$13.50 to C$15.00 in a report on Friday, August 15th. Desjardins upped their target price on Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the stock a "buy" rating in a research note on Monday. CIBC increased their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial lifted their price target on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$15.25.
View Our Latest Report on CHE.UN
Chemtrade Logistics Income Fund Stock Up 1.2%
The company's 50-day moving average is C$11.28 and its two-hundred day moving average is C$10.44. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The company has a market cap of C$1.52 billion, a P/E ratio of 11.86 and a beta of 1.50.
Chemtrade Logistics Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) is 60.00%.
About Chemtrade Logistics Income Fund
(
Get Free Report)
Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.
Read More
Before you consider Chemtrade Logistics Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chemtrade Logistics Income Fund wasn't on the list.
While Chemtrade Logistics Income Fund currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access